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Nigeria Will Exit Recession Soon - Minister of Finance, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria will be out of the recession soon. Over the weekend, Nigeria slid into its worst economic recession in over three decades. Gross domestic product (GDP) numbers released by the National Bureau of Statistics on Saturday, November 21, indicates the nation recorded a contraction of 3.62 percent in the third quarter of 2020, causing it to slide into another recession. While speaking at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, on Monday, November 23, the Minister of Finance said the country would emerge from the recession in the fourth quarter of 2020 or by the first quarter of 2021. She blamed the recession on the global Coronavirus pandemic which has forced other economies in other countries into recession. Ahmed said other countries also in recession, including the United Kingdom, the

Two Islamic Tutors Jailed For Under-Age Gang-Rape In Lagos


Two Islamic tutors, Kamaledeen Alade and Hammed Adebayo, who allegedly gang-raped 14-year-old and 16-year-old girls, were on Wednesday arraigned in Lagos.

Alade, 32, and Adebayo 27, whose addresses were not provided, pleaded not guilty to four counts of conspiracy, rape, sexual penetration and application of charm at a Surulere Chief Magistrate’s Court.

The prosecutor, Sergeant Anthonia Osayande, told the court that Alade was the founder of an Islamic school, where youths learnt the Quran.


The News Agency of Nigeria reports that  Osayande added that Adebayo was an assistant to Alade.

According to the prosecutor, the accused and one other, now at large, committed the offences on Amosun Street, Sari-Iganmu, Lagos State, on July 11 at about 10.05am.

Osayande alleged that Alade gang-raped the 14-year-old with another accused now at large, while he gave the 16-year-old to Adebayo to rape.

He said,

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“They conspired among themselves and did have sexual intercourse turn-by-turn with the girls, after which they forcefully applied charms on the victim’s necks.’’
“One of the girls, who could not bear the pains, confessed the incident to her parents, which led to their arrest.’’




The magistrate, Aro Lambo, granted the accused bail in the sum of N200,000 each, with two sureties each in like sum.

He said one of the sureties must be a civil servant of not less than Grade Level 14, while the other should be a property owner within the jurisdiction of the court.

“The sureties must provide evidence of tax payment to the Lagos State Government and their addresses should be verified by the court,’’ he added.

The magistrate adjourned the till September 26, 2017, pending the advice of the  Lagos State Directorate of Public Prosecutions.

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